Elon Musk is ready to take on the official duties of the DOGE department. The Department of Government Efficiency is a leading section of the Trump regime, which will soon be responsible for restraining government spending and budgeting. However, Musk is making headlines mainly because of his close association with Dogecoin and how his DOGE departmental duties could push DOGE to new heights. Here’s how Musk DOGE bonds can directly impact the token after January 20, 2025.
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3 Ways DOGE Proceedings Can Influence Dogecoin
1. By promoting the token for government transactions
Dogecoin has always been a strong point for Elon Musk. There are many instances where Musk has mentioned Dogecoin officially, expressing his desire to add the token to multiple public platforms under Musk’s leadership. However, now that Musk is set to take on new political responsibility, Dogecoin may soon find a new use case. Musk could potentially use Dogecoin for government or departmental transactions, which could ultimately help Doge reach new heights.
2. By making the token a government-backed coin
Another “ambitious” use case that could soon materialize is the fact that Dogecoin could become an official government-backed token that the public can stake on. In a new development, with two pro-crypto leaders like Musk and Trump working in sync, Musk could officially give Dogecoin a new status, giving it a reputation as a government-backed coin to work with. This could usher in new price momentum for Doge, helping it reach new highs.
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3. Dogecoin added to X Money
Another primary use case that could help Doge reach new heights is its involvement in X Money. X has already announced plans to unveil X money, with crypto being a central element to be used for transactions. If Musk announced Dogecoin as a key addition to X-money, that could also be a game-changer for Dogecoin, fueling its rise like nothing else. On top of that, if all these developments materialize, Doge could reach a new ATH of $1 per AI.
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